Just days after Netflix surprised Hollywood with a deal for a “Crouching Tiger, Hidden Dragon” sequel, the streaming service walloped showbiz all over again with Adam Sandler.
While the impact of both developments is subject to debate, this much is clear: After several years of challenging the TV business, Netflix has now taken aim at the movie industry as well. And given how effectively it has established itself competitively to TV, it’s a threat to be taken seriously.
The movie business finds itself today at the same juncture the TV industry was at in 2011 when Netflix set up “House of Cards”: the studios have woken up to discover they don’t have the field to themselves anymore. Talent can take the ball with them over to Netflix if they don’t like how the game is being played, asKevin Spacey did.
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